In a recent tweet, Ali, a prominent cryptocurrency analyst, claimed that XRP, the digital currency associated with the Ripple network, could experience a surge of up to 47% shortly. This prediction is likely to excite investors and traders who have been closely following the performance of XRP in recent weeks.
According to Ali, the surge in XRP’s value will be driven by a combination of factors, including increased adoption of the Ripple network and growing demand for cross-border payments. He also cited the recent bullish trend in the cryptocurrency market as a key factor that could help propel XRP’s value to new heights.
Read Also: Recent Investigation Reveals That More Than 6 Billion LUNC Tokens Linked To The Terra Classic Hack
XRP To Surge Upto 47%: Ali
Ali Martinez recently made this forecast as XRP looked to break through the $0.51 territory in its latest price rally. According to Ali, a breakout for XRP is contingent on the asset’s performance in the 3-day time frame.
To drive home his point, Ali presented a 3-day XRP chart with the latest candlestick having opened for $0.5050 on April 10. Accordingly, XRP would need to close the current candle above $0.54 by tomorrow to secure a 47% price rally breakout.
$XRP may be on the brink of a 47% surge if it secures a 3-day candlestick close above $0.54. A successful breakout could catapult #XRP to $0.80! pic.twitter.com/zLEEVS2Flg
— Ali (@ali_charts) April 11, 2023
Ali’s prediction comes at a time when XRP is already showing signs of strength. In the past month, the digital currency has experienced a steady uptick in value, rising from around $0.80 to over $1.00 at the time of writing. This has led some analysts to suggest that XRP could be poised for a major breakout in the coming weeks.
Read Also: Shiba Inu Now Partners With Legendary Musician Scott Page
If Ali’s prediction proves to be accurate, it would represent a significant boost for XRP and its investors. It would also be a welcome development for the Ripple network, which has been working to expand its presence in the global payments industry.
Of course, as with any cryptocurrency investment, there are always risks to consider. XRP has a history of volatility, and its value can fluctuate rapidly based on a wide range of factors. As such, investors should exercise caution and conduct thorough research before making any investment decisions.
Data from Santiment suggests that XRP’s impressive run triggered another accumulation campaign. According to a Santiment chart, XRP whales holding between 1 million and 100 million tokens have amassed over 400 million XRP worth $208 million since March 24.